Chippenham's Good Energy doubles solar export rate for customers

Chippenham-based renewable supplier Good Energy has sparked some positive news for its solar customers - doubling its export payment rate for them.

The export rate is the amount customers get paid back for exporting any excess electricity they produce back into the grid.

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The company said its new 40p per kilowatt hour rate, fixed for 12 months, was the "highest export tariff rate available on the market" and was eligible for Good Energy customers who have installed a solar array and battery storage through Good Energy Solar, have a smart meter, and are on one of the firm's supply tariffs.

"Doubling what was already a competitive export tariff to match the best rates on the market shows exactly that - providing a one-stop solution for green-minded customers and offering a suite of products that help them simultaneously reduce carbon and save money," said Tom Parsons, director of sales and origination at Good Energy.

"By focusing on multiple products and tariffs that work in tandem, we are working to incentivise customers to embark on a deeper and broader relationship with us and boost their overall lifetime value."

He added: "Since Good Energy launched HomeGen - the first ever export tariff for UK homes with solar - 20 years ago, we have been committed to helping people to become generators of renewable power themselves.

"With this new export rate, we are continuing to help microgeneration make financial sense."

Good Energy, founded 20 years ago, said the new rate could see a typical home with a 10-panel solar and storage installation effectively receiving free electricity after bill reductions and export payments.

Based on a typical household usage of 2700kWh and an annual electricity bill of £873, bills would be reduced to £293.52, and an annual export payment of £322.37 for 25% of generation would leave them in credit by £28.84, it added.